Identify the arguments against free trade

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Reference no: EM131392168

Firm A and Firm B operate retail malls. Both are trying to determine whether to increase advertising budgets during the holiday season or to keep them constant. Because of contract cycles, Firm A will have to make a commitment regarding an advertising budget before Firm B. Their alternatives and payoffs are displayed in the decision tree diagram. Use this information to determine each firm's optimal strategy and anticipated payoff.For a small country like Phlppines, a move to free trade would have huge advantages. It would let consumers and producers make their choices based on the real cost of goods. not artificial prices determined by government policy; it would allow escape from the confines of a dnarrow domestic market; it would open new horizons for entrepreneurship, and most important, it would help to clean up domestic politics.

Separate and identify the arguments for free trade in this statement. Then identify the arguments against free trade.

Reference no: EM131392168

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